02:09 PM EDT, 03/19/2024 (MT Newswires) -- Dell Technologies ( DELL ) Chief Executive Michael Dell sold more than 4 million company shares worth about $465 million this month after the stock soared to a record on March 1, Bloomberg reported Tuesday.

Dell has been unloading some of his shares on a daily basis since March 6, after the stock soared March 1 following the company's forecast-beating sales and profit, the report said.

Dell still owns half of the company, the report said, based on the Bloomberg Billionaires Index.

Bloomberg said a spokesperson for Dell's family office DFO Management declined to comment.

Dell did not immediately reply to MT Newswires' request for comment.

Dell shares rose nearly 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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